(Editor's note: The original version of this article, published Aug. 22, 2003, misstated Talisman Energy Inc.'s finding and development costs and the amount available under the company's bank facilities, in the second and fifth paragraphs, respectively. A corrected version follows.) The ratings on Talisman Energy Inc. reflect the company's competitive position, drill bit- and acquisition-focused growth strategy, and conservative financial risk profile. Risks associated with Talisman's high-growth strategy are balanced with low geological risk in most of the company's major projects, increasing diversification, and a long history of adhering to stated financial policies. Following the sale of its interests in Sudan, the company's production mix is expected to remain liquids focused, with the near-term mix shifting to about 55% liquids
